Quick facts: Mexico, MO

Quick Facts

94.1
Cost of Living
below US average
11,496
Population
25.75
Crime Rate per 1000
above US average
$47,585
Median Income
below US average
$179,900
Median House Price
above US average
$1283.33
Average Rent
below US average
12%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $47,585.

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Income Needed to Buy

βœ— Stretch
$56k/year
Based on $179,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $56k vs median $47,585
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Income Needed to Rent

⚠ Stretch
$55k/year
Based on $1283.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $55k vs median $47,585
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mexico, MO

Mexico, Missouri, is a charming city located in Audrain County, in the central part of the state. Nestled along the banks of the Mexico River, it serves as a regional hub for agriculture and small businesses. With a population of around 11,000 residents, Mexico boasts a friendly atmosphere and a close-knit community feel. The city's rich history dates back to the early 19th century, and it has preserved its cultural heritage through various historic buildings and landmarks, including the iconic Mexico City Hall. Notable for its local festivals, such as the "Old Settlers Reunion," the city offers vibrant events that celebrate its traditions. Outdoor enthusiasts can enjoy parks and recreational spaces like the Lakeview Park and the nearby Riverbanks Park, providing ample opportunities for hiking, picnicking, and family gatherings. The city is also home to several schools and institutions, fostering a strong emphasis on education. Whether you're exploring its quaint downtown shops or mindfully enjoying the local cuisine, Mexico, MO, presents a delightful blend of small-town charm and engaging community life.

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